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2 . ( Part 1 ) Suppose you have the opportunity to buy a bond with a par value of $ 1 , 0 0

2.(Part 1) Suppose you have the opportunity to buy a bond with a par value of $1,000 and semi-annual coupon payments of $40 that matures in 10 years. Assuming a market rate of 5%(annual), what is the price of this bond?
(Part 2) Assume that the bond in is selling for $1024. Using a spreadsheet program, what is the yield to maturity (to 2 decimal places)? What is the current yield?

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